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US equity close: Late selling leads to a mixed day

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SPX intraday

US equities gave up gains in the final 15 minutes of trading to finish narrowly negative. That caps a losing month for US exchanges but it wasn’t as bad as it was midway through August. Yields fell this week and that sparked a turnaround in tech.

As for today, the finish was largely static:

  • S&P 500 -0.2%
  • DJIA -0.5%
  • Nasdaq Comp +0.1%
  • Russell 2000 -0.1%
  • Toronto TSX Comp -0.1%

Tomorrow is non-farm payrolls and that’s sure to re-write the script. Read here on why there’s a downside bias in the August report.

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